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प्रश्न
Commercial Banks are the lender of the last resort.
“Commercial Banks are the lender of the last resort.” Justify for or against.
औचित्य
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उत्तर
Against:
Commercial banks are not the lender of last resort; that duty is filled by the central bank. During a financial crisis, the central bank provides emergency liquidity to commercial banks, ensuring stability and preventing bank failures when no other funding sources are available.
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